Insights articles https://www.gam.com Harvesting Merger Arbitrage Premiums https://www.gam.com/en/insights-content/2017/thematic/harvesting-merger-arbitrage-premiums/ In the prevailing environment, investors are finding fewer and fewer sources of meaningful yield with low volatility from the fixed income universe. GAM’s Roberto Bottoli describes a potentially unconsidered alternative with a return profile offering a low correlation to traditional investment strategies. 2017-08-17T00:00:00 Larry Hatheway on Markets - August 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-august-2017/ Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses how global equity and bond markets are performing, the outlook for the dollar and whether economic expansion in emerging markets is sustainable. 2017-08-15T00:00:00 Japan: Time to Refocus on Earnings https://www.gam.com/en/insights-content/2017/thematic/japan-time-to-refocus-on-earnings/ As featured in Investment Week, Ernst Glanzmann and Reiko Mito, Japanese equity managers at GAM, discuss why the reporting season in Japan will refocus investors' attention on earnings. 2017-08-10T00:00:00 Sterling: Pounded Down Far Enough? https://www.gam.com/en/insights-content/2017/investment-opinions/sterling-pounded-down-far-enough/ The British pound has been the subject of repeated doom-mongering since the Brexit referendum more than a year ago. Joachim Corbach, GAM’s Head of Currencies and Commodities, questions whether there really is more material downside for sterling from the prevailing depressed levels. This article originally featured in Fund Strategy. 2017-08-08T00:00:00 Normalisation: A Turning Point? https://www.gam.com/en/insights-content/2017/investment-opinions/normalisation-a-turning-point/ Tim Haywood, investment director for fixed income, says that with policy normalisation from central bankers in both Europe and North America driving bond yields aggressively upwards, June may be remembered as a turning point for fixed income markets. 2017-08-04T00:00:00 MBS: Size, Depth & Liquidity https://www.gam.com/en/insights-content/2017/thematic/mbs-size-depth-and-liquidity/ With a low volatility profile and steady yield, returns from mortgage-backed securities beat other medium and high-quality fixed income securities over time. The market has had a radical reform since it took a hit during the financial crisis; those who seek a truly diversified global fixed income strategy should investigate the revised offering. Tom Mansley and Garry Singleterry explain why investors may find that the opportunity is too good to miss. 2017-08-01T00:00:00 Larry Hatheway on Markets - July 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-july-2017/ Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, his expectations for the remainder of the second quarter earnings season and monetary policy over the next quarter. 2017-07-27T00:00:00 India: On the Cusp of a Multi-year Bull Market? https://www.gam.com/en/insights-content/2017/investment-opinions/india-on-the-cusp-of-a-multi-year-bull-market/ Madhav Bhatkuly considers recent milestones for the Indian economy, including the implementation of the Goods and Services Tax bill and the rapid transformation of the financial services sector, and explains why Indian equities could be on the cusp of a multi-year bull market. 2017-07-25T00:00:00 Why Active? https://www.gam.com/en/insights-content/2017/investment-opinions/why-active/ As featured in Citywire Wealth Manager, Larry Hatheway, chief economist and head of GAM Investment Solutions, explains how active and passive strategies play a part in GAM’s multi-asset portfolios. 2017-07-19T00:00:00 The David and Goliath Aspects of China's A-share Market https://www.gam.com/en/insights-content/2017/regional/the-david-and-goliath-aspects-of-chinas-ashare-market/ Tim Love, investment director for emerging market equities, considers the significance of the inclusion of China A-shares in the MSCI Emerging Markets index. 2017-07-13T00:00:00 The Early BRRD https://www.gam.com/en/insights-content/2017/thematic/the-early-brrd/ Anthony Smouha and Gregoire Mivelaz, who co-manage a number of GAM’s credit strategies, draw considerable encouragement from the practical application of new regulatory mechanisms, which have been designed to curb contagion in the financials sector and thus prevent idiosyncratic issues from morphing into systemic events. 2017-07-11T00:00:00 The Value Renaissance https://www.gam.com/en/insights-content/2017/thematic/the-value-renaissance/ Value investing is the art of buying stocks that in general appear to be priced more cheaply than the market averages. As featured in Money Observer, John Lambert, Investment Director, explains why he believes the time is approaching when value investors will be rewarded. 2017-07-06T00:00:00 The Fed May Not Have Investors Backs For Much Longer https://www.gam.com/en/insights-content/2017/investment-opinions/the-fed-may-not-have-investors-backs-for-much-longer/ The US equity market’s implicit guarantee against instability might be coming to an end. Julian Howard, Head of Multi Asset Solutions at GAM considers why now, and how investors can mitigate the risks and reposition for more reliable income. 2017-07-04T00:00:00 China: Harnessing the ‘Catch-up’ Trade https://www.gam.com/en/insights-content/2017/thematic/china-harnessing-the-catch-up-trade/ Jian Shi Cortesi, who focuses on opportunities created by the transformation in China’s economy, believes there is significant scope for the country’s equity markets to play catch up following several years of relative underperformance. 2017-06-29T00:00:00 What Does the General Election Result Mean for UK Equities? https://www.gam.com/en/insights-content/2017/thematic/what-does-the-general-election-result-mean-for-uk-equities/ Chris Morrison, investment manager, explains the potential impact of the UK General Election result on the UK equity market. 2017-06-27T00:00:00 Stocks Aren't as Pricey as This Ratio Suggests https://www.gam.com/en/insights-content/2017/investment-opinions/stocks-arent-as-pricey-as-this-ratio-suggests/ The Shiller P/E ratio is high, but a valuation-based crash is unlikely so long as global earnings continue to grow. As featured on Bloomberg, chief economist Larry Hatheway explains why. 2017-06-23T00:00:00 Larry Hatheway on Markets - June 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-june-2017/ Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, the impact of stalling or falling inflation and the biggest risks for investors over the next quarter. 2017-06-22T00:00:00 M&A: Healthy Volumes set to Continue https://www.gam.com/en/insights-content/2017/thematic/ma-healthy-volumes-set-to-continue/ After a record-breaking start to the year, in terms of transaction numbers and volumes, the merger and acquisitions (M&A) market has slowed down to more normal levels. GAM’s Roberto Bottoli gives his thoughts on the outlook for the remainder of 2017 and the potential opportunities that lie ahead. 2017-06-14T00:00:00 UK General Election Outcome – What Now for markets? https://www.gam.com/en/insights-content/2017/investment-opinions/uk-general-election-outcome-what-now-for-markets/ Charles Hepworth, investment director at GAM, comments on the outcome of the UK General Election. 2017-06-09T00:00:00 UK General Election – What are the Polls Indicating? https://www.gam.com/en/insights-content/2017/investment-opinions/uk-general-election-what-are-the-polls-indicating/ Charles Hepworth, Investment Director at GAM, considers what the outcome of the UK General Election could mean for markets. 2017-06-06T00:00:00 From Policy-Guided to Fundamentally-Driven Markets https://www.gam.com/en/insights-content/2017/investment-opinions/from-policy-guided-to-fundamentally-driven-markets/ The Global Financial Crisis (GFC) was seen by some as having the potential to mark the end of capitalism as we know it. Within financial markets there is plenty of evidence to suggest this has indeed been the case. 2017-06-05T00:00:00 Biopharma Investment Cycle: Expansion Phase Still in Its Early Innings https://www.gam.com/en/insights-content/2017/thematic/biopharma-investment-cycle-expansion-phase-still-in-its-early-innings/ Unlocking the secrets of the human genome at the turn of the millennium ushered in a transformative era in drug discovery. Christophe Eggmann looks forward to the next potentially lucrative stage of the secular biopharma investment cycle. 2017-06-02T00:00:00 Why the End of the Trump Trade is Good for Markets https://www.gam.com/en/insights-content/2017/investment-opinions/why-the-end-of-the-trump-trade-is-good-for-markets/ The so-called Trump trade is in trouble. As featured in Citywire Wealth Manager, Julian Howard, Head of Multi Asset Solutions at GAM, explains why this is good for markets. 2017-05-31T00:00:00 Larry Hatheway on Markets - May 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-may-2017/ Chief economist and Head of GAM Investment Solutions, Larry Hatheway, discusses the outlook for global equity and bond markets, the impact of recent political uncertainty in the US and the significance of the forthcoming UK election and monetary policy decisions for markets. 2017-05-25T00:00:00 Cloud + Intelligent Edge = The Fog https://www.gam.com/en/insights-content/2017/thematic/cloud-plus-intelligent-edge-the-fog/ The fourth generation of computing has arrived. But something is different this time around. Mark Hawtin and Chris Woodcock delve into Fog computing and the missing link between the Cloud and the artificial intelligence explosion. 2017-05-17T00:00:00 EM – Why Now? https://www.gam.com/en/insights-content/2017/regional/em-equities-promising-asset-class-for-a-turbulent-2017/ Tim Love, investment director at GAM, discusses the outlook for emerging market equities in 2017 and analyses where the best opportunities are likely to lie in a turbulent political landscape. 2017-05-11T00:00:00 Swiss Equities: From Headwind to Tailwind https://www.gam.com/en/insights-content/2017/thematic/swiss-equities-from-headwind-to-tailwind/ Across the developed world, the reaction of corporate executives facing the post-global financial crisis era of emergency monetary policy and anaemic economic momentum was to deleverage bloated balance sheets and cut costs. While broad efforts to trim the fat across the corporate landscape have been laudable, the efforts of Swiss businesses are worthy of a special mention because they have had to fight significant headwinds during the streamlining process. 2017-05-09T00:00:00 Redefining Safe Havens https://www.gam.com/en/insights-content/2017/market-views/redefining-safe-havens/ As riskier assets defy doomsday expectations amid global economic uncertainty, GAM's Doug Branson warns investors not to blindsided against opportunity in the search for a safe place to hide. 2017-05-04T00:00:00 GAM Investment Conference: Investing into the Future https://www.gam.com/en/insights-content/2017/investment-opinions/gam-investment-conference-investing-into-the-future/ Investors could be forgiven for being distracted by the persistent changes to the geopolitical landscape and for wondering what might happen next to cause further market uncertainty. Paying too much attention to short-term investment trends rather than the importance of longer-term investment planning can prove a costly distraction. The GAM managers give their thoughts on looking long-term for investment success. 2017-05-02T00:00:00 Larry Hatheway on Markets - April 2017 https://www.gam.com/en/insights-content/2017/macroeconomics/larry-hatheway-on-markets-april-2017/ GAM Chief Economist and Head of Investment Solutions Larry Hatheway comments on the outlook for global fixed income and equity markets. 2017-04-28T00:00:00